Sanyo joins the tapeless video camcorder bandwagon with its new DMX-C1 model.

The Xacti – as it’s known to its friends – features 3.2 megapixels, takes VGA sized movies at 30 fps which is not bad, and claims to be the smallest of its type in the world. It also records 30 minutes of footage on a 512 MB SD card, which again ain’t shabby. Expected price – about $600.00.

Quick, sell your camcorder. No wait, sell your camcorder manufacturer shares instead.